New Issue: Barclays sells $3.07 million 3.5% step-up notes due October 2022

By Susanna Moon

Chicago, Oct. 20 - Barclays Bank plc priced $3.07 million of step-up fixed-rate notes due Oct. 21, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3.5% for the first eight years. After that, the rate will be 4% until Oct. 21, 2020, 4.5% until Oct. 21, 2021 and 5% until maturity. Interest is payable semiannually.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate notes
Amount:	$3,071,000
Maturity:	Oct. 21, 2022
Coupon:	3.5% for eight years, 4% for years nine and 10, 4.5% for year 11 and 5% thereafter; payable semiannually
Price:	Variable
Payout at maturity:	Par
Pricing date:	Oct. 18
Settlement date:	Oct. 21
Agent:	Barclays Capital Inc.
Fees:	1.45%
Cusip:	06738JLL6

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